Traton to acquire Navistar

Traton to acquire Navistar

Following discussions between Navistar and Traton, Navistar’s board of directors confirmed that it will move forward with a transaction in which Traton would acquire Navistar for $44.50 per share in cash. Navistar’s board confirmed that an offer of $44.50 per share has the support of Navistar’s two largest shareholders.

JP Morgan and PJT Partners are acting as Navistar’s financial advisors. Sullivan & Cromwell LLP is providing legal counsel. Brunswick is providing communication counsel.

Click here to read the full letter submitted to Traton can be viewed here.

Read our latest Navistar executive interview

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